Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial institution, today announced the expansion of its regional footprint by opening its first branch in Iraq. It becomes the first UAE-based financial institution to receive a full operations banking license from the Iraqi Central Bank and to start operations from Iraq. The first fully-fledged ADIB branch is located at Baghdad and is led by Jawdat Mahmoud Jawdat.
ADIB is now poised to support and guide UAE and GCC investments in Iraq and its surrounding areas, it will also develop the Islamic finance industry in Iraq by bringing best in class Islamic banking products. (Press Release)